Long Term Care Rates are not Declining
In the early 2000’s, almost 10 million people needed some form of long-term care in the United States. Now, almost 70% of people turning age 65 will need long-term care at some point in their lives. In 2010, the average cost of long term care in America was $6,235 per month – and this rate has since gone up. If you don’t have a plan for your long term care, you may face a horrible shock later on.
Long Term Care Insurance is not Covered
How will you pay for long term care? Medicare does not pay for ongoing long term care, so it isn’t an option. Many people find out all too late that the method they were planning on using to cover their long term care will not cover them at all. Long term care insurance may be right for you, but it can also be very expensive. Are there any other options?
Preparation for Long Term Care is Vital
Compass Retirement is dedicated to helping our clients through every step of retirement – including long term care. We take your budget, assets, investments, marital status, stocks, health, and lifestyle into consideration, and customize a long term plan to fit your needs. No two people are alike, and so no two long term plans or retirement plans are alike. At Compass, it’s our job to make sure every client is prepared for the expected as well as the unexpected. You may not ever need long term care, but chances are very good that at some point you will. Let Compass help you create a plan that will secure your future, come what may.
Long term care is one thing you must be prepared for. What will happen to you if you need it and can’t afford it? The consequences of not planning for long term care could be devastating. Are you prepared to live with them? Or will you secure your future?